For the majority of organisations, workforce costs are the most expensive business overhead. Learning how to manage your employees working time efficiently could result in reduced outgoings, increased productivity and business efficiency.
A growing number of organisations are starting to understand this matter clearly. One indication of this trend is an increasing interest in technologies offering complex business data, which has led to a whole new discipline – known as business intelligence – that is shaping how organisations make decisions, target investments and track progress against goals.
HR departments are often overlooked throughout these developments and are missing out on the huge, potential value that comes from adding HR data to this mix.
In order to maximise business profits, it’s crucial to make sure that developments are taking place in human resources departments as well.
Modern business technology provides a variety of tools allowing companies to manage and monitor their operations in areas such as planning, budgeting, forecasting, inventory control, production and supply chain management. But what it fails to do, is to manage and monitor the workforce that performs those work tasks and how effectively those activities match planned objectives.
That’s where HR technology comes into place. Employee management solutions give organisations a package of tools that allow them to plan, manage and monitor all aspects of their workforce and its activities. Unlike any other resource that remains static and constant, people can perform work at various speed or differently than planned, have different skills, ability, knowledge and experience, and take planned and unplanned absence. Being able to plan your workforce efficiently, ensures that you have the right resources available when and where they are needed as well as helping you to avoid excess of workforce.
In summary, HR technology enables not only the collection and processing of the data but is also a data analysing tool helping you spot patterns and trends at your workplace. This could lead to identifying problems the management was not aware of, solving them and reporting on results.
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Employee management systems, such as the , enable greater cost control, improve productivity and efficiency and bridge the gap between planning and execution of business activities. The software can also be integrated with other planning and costing applications, including finance, payroll and human resource applications. This option allows the business managers to see a bigger picture of their organisation’s performance, save more costs by cutting down administration time and gain an edge over their competitors.
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*Established in the UK in 1979, Mitrefinch Ltd is a leading developer of employee management and security solutions. In the early 1980s, Mitrefinch developed the first ever computerised time and attendance system, which was shown on BBC’s Tomorrow’s World.
Our continuous investment in research and development since then has resulted in a time and attendance system that can be deployed as both a Windows® and a Web solution, and which integrates with a complimentary suite of products, giving a total solution adapted to each individual customer’s needs.
The end result is reduced costs, increased productivity, better decision-making, improved employee satisfaction, and alignment with organisational objectives.